NEWS
RELEASE
JW ALUMINUM
COMPLETES ACQUISITION OF ALCOA'S
ST. LOUIS AND RUSSELLVILLE OPERATIONS;
INTRODUCES NEW WEB SITE AND CORPORATE LOGO
Mt. Holly, SC, April 1, 2004—JW
Aluminum announced today that it has completed the purchase of the St. Louis,
Mo. and Russellville, Ark. foil plants from Alcoa Inc (NYSE: AA). The purchase
was made as part of JW Aluminum's strategy to expand its business into lighter
gauge foil products, including flexible packaging.
The two plants, to be known as
JW Aluminum – St. Louis Operations and JW Aluminum – Russellville
Operations, add several new products to the company's portfolio and provide
a strong position in the light gauge foil market. JW Aluminum's current plant
in Mt. Holly will be renamed JW Aluminum – Mt. Holly Operations.
As part of its expansion strategy,
JW Aluminum also unveiled today a new corporate logo and web site to coincide
with the completed acquisition. "As we grow our market position, we feel it
is appropriate to reflect our broader identity in both a new logo and web
presence," said Jake Bigham, Vice President of Sales. "We look forward to
providing a new level of service and commitment to the light-gauge market."
About JW Aluminum
JW Aluminum is a leading producer of specialty, flat-rolled aluminum products,
including bare and coated fin stock, building and distributor sheet, automotive
heat shields, cable wrap, litho sheet and converter foil products. In December
2003, JW Aluminum became a member of the Wellspring Capital Management LLC
family of companies. JW Aluminum is headquartered in Mt. Holly, South Carolina.
For more information, call Don Kassing, CEO, at 800-568-1100, or visit http://www.jwaluminum.com.
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